Discussion in 'Economy' started by Manuel, Jun 12, 2008.
Source: ExxonMobil to sell 2,220 gas stations - CNN.com
They are correct.
The refiners and marketers have not been able to pass on the cost of crude to customers. They are getting squeezed and their profits getting hit.
Now what that means to the consumer is do NOT expect gas prices to fall anywhere near as fast as they have risen. People need to remember that after Katrina when gas briefly went to $3.00 oil was only about 70. It took near 90 to get to 3.00 again and 130 to get it 4.00. Refiners are going take advantage of the coming oil crash to make some money back, as is your local dealer.
gas is a ripoff. quit driving. ride a bike
Dear child, we are not all able to wallow in accessible shopping and public transportation as city dwellers do. I'm all for yanking the vehicles of those who live in cities, however. They have no problem with inflicting hardship upon their rural neighbors when the planet is groaning and they fear those nasty landowners will subdivide all the places they like to visit on vacation.
I say it's time for them to feel a little of the pain.
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